Nvidia’s US$54 billion bid to takeover British chip designer Arm is reportedly facing more hurdles than expected as the EU Commission extends its antitrust investigation of the deal.
Both companies had expected authorities to scrutinize the merger after Nvidia officially submitted its plans to acquire Arm to the EU, last month. The review process was expected to end on October 27, but has now been extended for another four months, according to Reuters.
In an attempt to persuade regulators to approve its acquisition, Nvidia apparently offered to make concessions, although it’s not clear exactly what the company proposed. None of those bargains, however, tackle anti-competition issues, so the EU Commission has decided to prolong its antitrust probe.
“The regulatory process is confidential,” a spokesperson from Nvidia told The Register. “The transaction will help to transform Arm and boost competition and innovation.” The British chip biz declined to comment, as did the EU Commission.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.